Washington Post

Businesses were already hurting under Trump's trade war - then came coronavirus

In a matter of weeks, the pandemic has sent global markets into a nosedive, spurred hundreds of layoffs and sent the U.S. economy hurtling toward recession. Foto: AP/Jeff Chiu

Jay Foreman laid off a dozen workers late last year as his company, Basic Fun! Toys, stared down a round of China tariffs that were supposed to take effect in mid-December.

Foreman dodged those levies when President Donald Trump announced a "phase one" agreement with Beijing. But Foreman stayed on guard, knowing that any rupture in the trade deal - or in the broader economy - could trigger a sudden blow...

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